About this document
Banco de Oro vs. Equitable Banking Case by FD Balita is a document available to read on EtoBox.
The Supreme Court of the Philippines ruled in favor of Equitable Banking Corporation in a case regarding checks deposited with forged endorsements. The court held that while the drawer of a check owes no duty of diligence to the collecting bank, the collecting bank has a duty to scrutinize checks deposited to verify their genuineness and regularity. Even though the checks in question were non-negotiable, Banco de Oro Savings and Mortgage Bank was still responsible as the indorser after stamping its guarante
- Author
- FD Balita
- Language
- EN